The Director’s Handbook
Author: Milind Kasodekar
In India, the companies are managed by the directors who are collectively called as “the Board of Directors”. The concept of Corporate Governance has brought drastic changes in the composition of Board of Directors, which has introduced few new categories of directors such as Independent Directors, Woman Directors, Resident Directors etc.
This book covers a detailed discussion on duties of directors to aid the readers in understanding the nitty-gritties of all the relevant provisions of the Companies Act, 2013, SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Secretarial Standards in a simple and easy to refer format legal provisions. The intention is to provide an idea about the provisions and responsibilities of the persons who are working in the capacity of directors as well as who are proposed to get appointed as such.
It is divided into various chapters providing an exhaustive write up on various provisions relating to directors starting from the eligibility of a person to get appointed as a director in the company till the liabilities of a person as a director under the liquidation and winding up of a company.
The book also provides the necessary assistance to the persons who are helping the directors in execution of their functions and gives a practical perspective on the provisions relating to acquisition of Director Identification Number (DIN)/Digital Signature Certificate (DSC), eligibility, kinds of directors, committees of directors, meetings of directors, remuneration etc. It also covers the provisions and treatment of various transactions in relation to directors such as accepting of loans, granting loans to directors, related party transactions in between the company and the directors, various documents, including Board’s Report & registers to be signed by the directors etc.
- Comprehensive coverage of provisions of the Companies Act, 2013, SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Revised Secretarial Standards impacting the directors.
- Analysis of the elementary provisions of law relating to directors.
- Novel provisions relating to Independent Directors, Woman directors, Resident directors, CSR etc.
- Comprehensive list of offences, punishments and legal recourse available to the directors.
- Checklists and important points at relevant places to provide a quick guidance of the provisions.
- Covers the provisions of Accounting Standard 18 – Related Party Disclosures and impact of the revised Secretarial Standards on Meetings of the Board of Directors (SS1) issued by ICSI, effective from 1st October 2017.